Can iPass Inc. (NASDAQ:IPAS) sink your investment?

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Shares of iPass Inc. (NASDAQ:IPAS) are currently poised at 4.55% from the open today and are trading at $1.38. More than 347,572 shares have exchanged hands compared to an average trading volume of 143.00K. At the current pps, the market cap stands at $89.05M. The stock prices of iPass Inc. (NASDAQ:IPAS) are currently trading at -26.98% below its 52 week high and 40.53% above its 52 week low.

iPass Inc. (NASDAQ:IPAS) has been in the news for all the right reasons. Recently, iPass Inc. (NASDAQ:IPAS) announced the iPass Mobile Security Report 2017, the results of which reveal that 40 percent of organizations believe that C-level executives, including the CEO, are most at risk of being hacked when working outside of the office. Cafes and coffee shops were ranked the number one high-risk venue by 42 percent of respondents, from a list also including airports (30 percent), hotels (16 percent), exhibition centers (7 percent) and airplanes (4 percent).

iPass Inc. (NASDAQ:IPAS) is all set to announce its earnings on May 03/a. As per Zack’s analyst ratings, iPass Inc. (NASDAQ:IPAS) currently has an average brokerage rating of 1.4. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:IPAS) is $2.775 with a high of $3 and a low of $2.4.

Let’s take a look at the technical analysis.

The Barchart Technical Opinion rating is a 72% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators mostly agree with the trend. The market is approaching overbought territory. Be watchful of a trend reversal.

The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oil prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The long term and short term EMA’s of 1.31 and 1.27 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term.

The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 68.55 suggesting a bullish price action.

As such, while we believe iPass Inc. (NASDAQ:IPAS) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.

iPass Inc provides software-enabled enterprise connectivity services for mobile workers. iPass’ primary service is designed to enable enterprises to provide their employees with secure access to the enterprise’s internal network through an easy-to-use interface.

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